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The Valentine's Talk You Won't Have -- But Probably Should

Love may be a many-splendored thing. But even it is no match for financial strife.

Just in time for Valentine's Day, two new surveys highlight the ways money woes can affect couples. Both surveys focus on how poor communication on financial matters can lead to relationship tension -- or worse.

Discussing finance from day one

Dr. Michelle Callahan, a psychologist and relationship expert, partnered with Chase Card Services for its
Chase Blueprint Valentine's Day Survey, which was released last month. That survey finds that most consumers believe couples shouldn't avoid discussing finances, even in the early phases of the relationship.

Among survey respondents, 65 percent believe a money talk should happen within the first three months of a relationship. However, almost a third said even that may be too late. Thirty percent of those surveyed believe discussions regarding finances should begin on day one.

"Finances are one of the biggest reasons relationships fail," said Callahan. "Being able to speak openly and honestly about finances will only make a relationship stronger, and what better day to take that next step than on Valentine's Day?"

If you are worried your sweetheart may be tempted to leave you because of your excess debt, take heart. Only 6 percent of those surveyed said they would break up or think about breaking up if their partner had a significant amount of debt.

Money problems lead to nights on the couch

Spending your Valentine's Day delving into the world of budgets, credit card debt and spending habits may not sound pleasant. But the alternative to communcating regularly about money may be even worse.

In addition, 3 percent have an account they hide from their significant other. And if you think your honey is hiding purchases from you, check the car trunk. It's a preferred hiding spot for 5 percent of the survey's respondents.

Finding a financial match

"Regardless of when couples decide to discuss their finances, having the money talk with a significant other is a necessary path toward achieving financial compatibility," said Dr. Callahan.